Summary
DEALERS were left spellbound as Britannic made a spectacular return to the London stock market following the Pounds 835m reverse takeover of Resolution Life Group.
Suspended at 5081/2p on June 9, the shares rocketed to 627p before closing 1011/2p higher at 610p on turnover of 19.6m amid speculation the enlarged group will now hit the acquisition trail.See the full content of this document
Extract
Britannic Flies the Flag On Stockmarket Return
The deal creates the biggest zombie fund group in Britain, managing Pounds 35bn of assets for 6m policyholders. Zombie funds are life insurance funds closed to new business, which dwindle and eventuall...
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